The Jupiter Corporation acquired land, buildings, and equipment from a bankrupt company at a lump sum price of $96,000. The appraisal disclosed the following values: Land $60,000 Buildings 40,000 Equipment 20,000 Which of the following amounts would be debited to the Land account? (Please provide an explaination in response).

A) $30,000

B) $32,000

C) $46,000

D) $48,000